Quote:
Originally Posted by CaptainCrunch
Except that lets say that the Flames say we're going to pay for the whole building $200 million bucks.
It would probably take them 30 years to recoup that based on even an profit of lets say 20 million bucks.
Its an over simplification to say, let these owners build the buildings.
In the NFL it makes sense when you see a team realizing a profit of about 350 million bucks like the Cowboys.
|
I'm guessing you meant to say 600 million?
It's a broken business then. If it's not profitable building a 600 million dollar arena, then it is a bad business decision to build one that is so expensive. That's how other businesses work.
The NHL, led by Bettman had us sit through all these lockouts, and they still didn't come up with a CBA where a team that draws 18,000 a game at fairly hefty prices can't make a profit? They created a CBA where it is only profitable to be one of the 5-6 highest revenue teams, while the middle groups scrapes by with modest profits that count on public financed buildings, and the bottom third mostly lose money every year.
The business of the NHL under Bettman has developed into a mess that counts on trying to bully the cities, fans and players to make up for their mistakes.